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trevb48
Starting Member



26 Posts
Posted - 25 September 2008 :  10:43:38  Show Profile  Visit trevb48's Homepage  Reply with Quote
if i have a secured loan and i have my house repossed what happens to that loan when i declare myself bankrupt

Suzanne
Average Member



United Kingdom
869 Posts
Posted - 25 September 2008 :  10:45:46  Show Profile  Visit Suzanne's Homepage  Reply with Quote
Hi

If your house is repossessed any shortfall after the sale will be captured in the bankruptcy as long as it is listed in the statement of affairs or happens before your discharge

Suzanne Stocker
Bankruptcy Manager
Jones Giles Ltd
www.jonesgiles.co.uk
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